@Palmer PM'd you earlier and thought I'd put it up here so I don't lose it since it's good advice: Palmer ? devask168 [private]:looks like the revenue missed the estimate, it's good to have both earnings and revenue(sales) be above the estimate...it's good to have the open be above or at the pre-market high with a volume surge along with opening above the daily resistance also...i think the volume surge and the opening price area is key..if it fades pre market that;s not good....they can pop later but the important thing is to have the 8:39AMPalmer ? devask168 [private]:price open strong, hold the gains throughout the day and then possible surge towards the close but again, EPS and Revenue need to beat the estimates to really get noticed
Ahhhh...are we talking about $EDAP??? I think, and you might be right with the revenue. In the TOS news feed there is s Revenue 6.62M vs. 6.80M Estmated. The next new feed about an hour later says they beat revenue. Zacks has them beatng EPS and Revenue also
Soooo, you are correct. The Zacks earnings #'s are delayed somewhat so I was probably going by the first TOS news blip. There might have been something in the conference call such as weaker guidance for the next quarter that caused the stock to fade pre-market. My seeking alpha account won't let me log in for some reason to read that transcript
But, I am guessing that transcript might have been the cause of the fade...will check on that transcript later...
"I see" said the blind man to the deaf dog. Kind of sad to see how misguided perception dictates price action. But am rather pleased to see I was on track with the latest $EDAP news. Thanks again for your help
Join now or log in to leave a comment